- February 14, 2011
- All Delaware Issuing Offices
- DTIRB Rating Manual Revisions - Rate Increase and Filed Closing Protection Letter
Last year the Delaware Title Insurance Rating Bureau ("DTIRB") submitted to the Delaware Department of Insurance a request for an increase in rates, as well as a filed CPL with a fee.
The request was recently approved by the Delaware Department of Insurance and will have an effective date of March 1, 2011. Below please find a summary of the revisions, as well as the corresponding section of the Rating Manual affected:
The following sections of the Rating Manual have been revised to reflect an increase in the rate schedule:
Section 3.2 – Original Title Insurance Rates for Owner’s Policies
Section 3.3 – Rate for Reissue Owner’s Policy
Section 3.6 – Original Title Insurance Rates for Loan Policies
Section 3.7 – Rate for Reissue Loan Policy
Section 3.10 – Assignment of Mortgage
Section 3.11 – Extension or Modification of an Insured Mortgage
The following sections have been added to the Rating Manual:
Section 7 Supplemental Charges
Section 7.1 Closing Protection Letter – Single Transaction Limited Liability – provides description of the Closing Protection Letter as well as the $75.00 fee per transaction.
Section 8 Supplemental Forms – Closing Protection Letter – DTRIB CPL (03/01/2011)
The complete Rating Manual can be found on the website of the local Stewart Title office in
Please feel free to contact the Delaware State Office at (302) 651-9201 with any questions or concerns.
If you have any questions relating to this or other bulletins, please contact your local underwriting personnel or Stewart Legal Services.
For on-line viewing of this and other bulletins, please log onto www.vuwriter.com.
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